Personal Loan Union Bank Of India

I opened an account in the Union Bank of India and planning to take personal loan from this bank. Can you provide me details about the Loan Eligibility Criteria along with other loan details also provide me list of Documentation needed to apply for an Union Bank Personal Loan?

[Rajkumar Agarwal]

Union Bank of India is one of the largest government-owned banks of India and was founded in November 1919 as a limited company in Mumbai

Personal Loan Union Bank Of India:

Loan Eligibility Criteria

Age at least 21 and less than 58
Applicant should be an existing customer of Union Bank
Applicant should be a resident of India
Customer should have a regular income and should be a salaried employee (Government service or a regular corporate job)

Loan Details

Interest Rate 14.40%
Processing Fees 0.50% of the loan amount or Min Rs.500
Loan Tenure 5 years

Documentation needed to apply for an Union Bank Personal Loan

1. Signed application form with photograph
2.Copy of passport/voter ID card/driving license
3. Processing fee cheque
4. Last 3 months bank statement/6 months bank passbook
5. Documentation for salaried applicants:
Latest salary slip
Current dated salary certificate with the latest Form 16
6. Documentation for self-employed applicants:
Latest Bank statement
Latest ITR or Form 16

Contact

Union Bank of India
Union Bank Bhavan, 239, Vidhan Bhavan Marg
Nariman Point, Mumbai - 400 021
Maharashtra, India
Phone number [Board]
022-22892000